Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Kenyan tycoon to invest billions to buy Forbes

US-based Kenyan tycoon Julius Mwale with President William Ruto at State House on Thursday, March 8. [Photo, Courtesy Facebook]

Businessman Julius Mwale and founder of Mwale Medical and Technology City in Butere has been named among investors buying Forbes at Sh109 billion.

US publication Axios reported that US technology billionaire Austin Russell was a leader of the consortium that raised money for 82 per cent of Forbes ownership.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902